29 April 2002: American Community Bancshares Inc. Announces Results for Latest Quarter
American Community Bancshares Inc., the holding company for American Community Bank, reported sharply higher results for the quarter ended 31 March 2002 as compared to the period a year ago.
Randy P. Helton, President and Chief Executive Officer commented, "We are pleased with the results we achieved to begin the year. We have started the year on a high note reporting earnings significantly higher than a year ago. In addition, with our recently completed capital offering, we have significantly strengthened our capital base and are well positioned to take advantage of opportunities in the marketplace and to continue to execute our business plan."
